Salem Media Stock Price, News & Analysis

Salem Media Group (Nasdaq: SALM) reported a 20.6% increase in Q2 2021 revenue at $63.8 million, compared to $52.9 million in Q2 2020. Operating income shifted to $5.6 million from an operating loss of $0.9 million. Year-to-date, total revenue rose 10.8% to $123.1 million, with net income of $2.6 million, versus a loss of $57.7 million in 2020. Broadcast and publishing segments showed significant growth, while digital media revenue increased 9.5%. Future projections for Q3 2021 suggest a 2%-4% revenue increase.

Salem Media Group (NASDAQ: SALM) will disclose its second quarter 2021 financial results on August 4, 2021, at 3:00 P.M. Central Time. A teleconference will follow at 4:00 P.M. Central Time, accessible via phone at (877) 524-8416 or through a webcast. A replay will be available until August 18, 2021.

Salem Media Group (NASDAQ: SALM) announced that Larry Elder, a national host on Salem Radio Network, is running for Governor of California. Consequently, Elder will be temporarily replaced by Carl Jackson on his radio show until the election on September 14th. Jackson, who currently hosts AM 950 The Answer in Orlando and has guest-hosted for Dennis Prager, brings a compelling background and a strong presence to the airwaves. If Elder loses the election, he will return to his regular show slot.

Salem Media Group announced a partnership with director Dinesh D’Souza for a documentary titled “Silenced,” focusing on the censorship of conservative views in America. Set for mid-2022 release, the film will explore how social media giants suppress dissenting opinions across various sectors, including education and the military. Featuring Salem talk hosts who have faced bans from platforms like Twitter and YouTube, the documentary aims to highlight the existential threat to free speech. Salem also operates SalemNow.com, providing a platform for content often silenced by mainstream media.

Salem Media Group (NASDAQ: SALM) has established the Salem Influencer Network, aimed at connecting brands with audiences through Christian social media influencers. This initiative responds to clients' growing demand for influencer representation in the advertising sector, particularly targeting the 18-34 age group. Influencer marketing is on the rise, with brands projected to spend $15 billion by 2022. Notable brands like CVS and Bose are already partnering with the network to reach a dedicated consumer base.

Salem Media Group (NASDAQ: SALM) announced the addition of Trish Regan to its podcast lineup, starting June 15th. In just six months, the Salem Podcast Network has reached the top 15 of U.S. podcast networks with over 2.5 million average weekly downloads. Regan, known for her work on Fox Business, will present her unique perspective on news and economy. Salem's senior VP praised Regan as a 'superstar in conservative media,' highlighting her potential to attract her extensive fan base.

Salem Media Group, Inc. (NASDAQ: SALM) participated in Noble Capital Markets’ C-Suite Interview Series, featuring CFO Evan Masyr. The discussion, recorded on May 19, 2021, covered key topics such as the unique challenges of the pandemic, the stability provided by block programming partnerships, and growth prospects for Salem Surround and Salem Now. Salem also aims to reduce debt through real estate sales and highlighted the value of its Digital Media business, which remains disconnected from its stock price. The interview is available on Channelchek.

Salem Media Group (NASDAQ: SALM) has announced its participation in two upcoming virtual investor conferences. The first presentation will be at the Singular Spring Select conference on May 27th at 10:30 a.m. Central Time. Interested attendees can contact mike@singularresearch.com. The second presentation is scheduled for June 10th at 11:30 a.m. Central Time at the LD Micro Invitational XI. For attendance, please reach out to registration@ldmicro.com. Both presentations will be accessible on Salem's investor relations website.

Salem Media Group (NASDAQ: SALM) has appointed Grant Stinchfield as the new co-host of The Morning Answer alongside Jennifer Horn, starting May 18. After a five-month search, programming director Chuck Tyler praised Horn for her perseverance and expressed confidence in Stinchfield's fit for the role. Senior VP Phil Boyce remarked on the strong chemistry between the hosts, with Horn noting rising ratings for the show. Stinchfield emphasized his commitment to serving Californians and addressing important issues affecting the state.